Commodity ratio · live
Cheese to Steel Ratio
The cheese to steel ratio is 0.0005251 — Cheese at $1.61 per Pound divided by Steel at $3,066.00 per Metric Ton.
Prices as of Aug 24, 2026, 10:29 AM UTC. Change either side of the calculator to price any other pair from 170+ commodities.
Cheese to Steel ratio
1.000 Lb of cheese = 0.0005251 T of steel
Inverse (STEEL/CHE): 1904 — one Metric Ton of steel buys that much cheese.
Close to the middle of its 1 year range. (45th percentile of the last 1 year)
Cheese
$1.61
per Pound
Steel
¥3,066.00
per Metric Ton
Unit basis: USD per Pound ÷ CNY per Metric Ton. The ratio reads as Metric Tons of steel per Pound of cheese. Prices as of Mon, 24 Aug 2026 10:29:08 GMT.
These two commodities are quoted in different currencies (USD and CNY). The figure above is a raw quote ratio and is not FX-adjusted.
1Y average
0.0005305
median 0.0005309
1Y low
0.0004430
Jan 28, 2026
1Y high
0.0006074
Sep 2, 2025
Normal band
0.0004920–0.0005691
mean ± 1 std dev
Deviation from mean
-0.14σ
318 observations
Cheese to Steel ratio charts
Pick a range once — it applies to the CHE/STEEL ratio line, the OHLC candles and the Cheese / Steel price chart below.
CHE/STEEL ratio line
How many T of Steel one Lb of Cheese buys, over 1Y.
CHE/STEEL ratio candles
Open, high, low and close of the CHE/STEEL ratio for each period in the last 1Y.
Cheese and Steel prices
Both legs of the ratio on their own axes, so you can see which one moved over 1Y.
How to calculate the cheese to steel ratio
Cheese to Steel ratio = Cheese price per Pound ÷ Steel price per Metric Ton
The two legs use different units, so the result is a rate — Metric Tons of steel per Pound of cheese — rather than a plain count.
Worked example, live prices: $1.61 ÷ $3,066.00 = 0.0005251. The inverse is 1904.
The flagship commodity ratios
Each of these has its own dedicated page with live pricing, a full year of history and range statistics.
Live prices behind the ratio
| # | Symbol | Name | Rate (USD) |
|---|---|---|---|
| 1 | XAU | Gold | 4647.62 |
| 2 | XAG | Silver | 69.00 |
| 3 | WTIOIL-FUT | Crude Oil WTI Futures | 85.69 |
| 4 | BRENTOIL-FUT | Crude Oil Brent Futures | 92.75 |
| 5 | NG-FUT | Natural Gas Futures | 2.77 |
| 6 | PL | Platinum | 1885.63 |
| 7 | PA | Palladium | 1351.00 |
Frequently asked questions
What is the cheese to steel ratio today?
The cheese to steel ratio is 0.0005251 — Cheese at $1.61 per Pound divided by Steel at $3,066.00 per Metric Ton, from live mid-market prices.
How do you calculate the cheese to steel ratio?
Divide the cheese price per Pound by the steel price per Metric Ton. If the two units differ, the result is a rate rather than a plain count — read it as Metric Tons of steel per Pound of cheese.
What is the inverse of the cheese to steel ratio?
The inverse, steel to cheese, is 1904 — how many Pounds of cheese one Metric Ton of steel buys.